Kindly MD (NASDAQ:KDLY) Stock Price Down 22.3% - Time to Sell?

Key Points

• Shares of Kindly MD, Inc. (NASDAQ:KDLY) dropped 22.3% on Wednesday, closing at $11.09 after a significant reduction in trading volume.
• The company's market cap is currently $66.78 million, with a P/E ratio of -14.40, indicating potential concerns about profitability.
• Institutional investors such as Geode Capital Management have increased their stakes, with Geode acquiring an additional 8,386 shares valued at approximately $484,000.

Shares of Kindly MD, Inc. (NASDAQ:KDLY - ) fell 22.3% during trading on Wednesday . The company traded as low as $10.16 and last traded at $11.09. 1,212,564 shares changed hands during trading, a decline of 47% from the average session volume of 2,293,123 shares. The stock had previously closed at $14.28.

Kindly MD Stock Performance

The firm has a market cap of $66.78 million and a P/E ratio of -14.40. The stock's 50 day simple moving average is $12.35 and its 200 day simple moving average is $7.58.

Institutional Trading of Kindly MD

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Kindly MD by 76.2% during the 2nd quarter. Geode Capital Management LLC now owns 19,394 shares of the company's stock valued at $484,000 after purchasing an additional 8,386 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Kindly MD during the 4th quarter valued at $28,000. Rathbones Group PLC bought a new stake in Kindly MD during the 2nd quarter valued at $1,523,000. Finally, Cetera Investment Advisers bought a new stake in Kindly MD during the 4th quarter valued at $93,000.

Kindly MD Company Profile

Kindly MD, Inc provides healthcare services. Its services include medication management, behavioral healthcare and alternative treatments. The firm offers evaluation and management, including chronic pain, functional medicine, cognitive behavioral therapy, trauma and addiction therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, travel services, and hormone therapy.

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